Market Outlook

Alcohol concentrates are flavoring ingredients consisting of alcohol which has similar profiles like that of original spirit or liqueur which enhance the flavors of food and beverage products when added. Alcohol is known to be an excellent carrier of aromas and flavors. Hence, alcohol is used mainly as raw material with unique aroma and flavor profiles which enhances the food and beverage taste when explicitly added in confectionery. The other benefits of alcohol are that it prolongs the shelf life of the food and beverages. The production process of the alcohol concentrates is similar to that of the original alcohols. Alcohol concentrates mainly used as a flavoring agent as alcohol aids in water solubility of the base ingredients. Liqueur concentrates are known to add taste and aroma comparatively better than original liqueurs. Alcohol concentrates are bakery products idyllic for pastries and premium chocolates and gourmet meat foods.

Reasons for Covering this Title

Beverage ingredients have witnessed continued innovations from its producer’s side be it regarding the use of various feedstock, processing methods, blending methods and packaging. Among different beverage ingredients, alcohol concentrates is emerging as one of the fast-growing markets. Innovations at production side include, the developments in alcohol focus in such a way which is suitable for a wide range of consumers and can be reconstituted to form a potable beverage by hydration with drinking water. To gain a competitive advantage in the alcohol concentrates market, the producers are differentiating their alcohol concentrates offerings concerning flavor and aroma profile, and percentage of fermentable ingredients.

Alcohol concentrates are mainly used in bakery products and confectionery, beverages, chocolate, ice-cream, meat products, sauces, and desserts. The various factors like feedstock used, alcohol type, flavor, color, and shelf life of the Alcohol concentrates plays a vital role in the determining the selection of the alcohol concentrates. The report also comprises evolving technologies which innovations in alcohol concentrates briefs about the emergent segments or stages driving higher traction in research and development. It also indicates which players are investing in R&D, process or product innovations, and emerging applications of alcohol concentrates globally. Europe is expected to dominate the alcohol concentrates market in the long-term backed by having the most significant market share in global bakery market ~28% followed by North America ~27%. The report encompasses in a detailed study about the segments and sub-segments of alcohol concentrates.

Global Alcohol Concentrates: Market Segmentation

On the basis of Primary Ingredient, the global Alcohol Concentrates market has been segmented as –

  • Beer
  • Whiskey
  • Bourbon
  • Brandy
  • Gin
  • Vodka
  • Rum
  • Cocktail
  • Others

On the basis of Flavor, the global Alcohol Concentrates market has been segmented as –

  • Berries
  • Fruits
  • Florals
  • Nutty
  • Spice
  • Classic
  • Creamy
  • Mints
  • Chocolate
  • Vanilla
  • Others

On the basis of End-Use, the global Alcohol Concentrates market has been segmented as –

  • Bakery Products & Confectionery
    • Cakes & Fudges
    • Biscuits
    • Confectionery
    • Others
  • Beverages
  • Chocolate
  • Ice-Cream
  • Meat Products
  • Sauces
  • Desserts
  • Others

Global Alcohol Concentrates Market: Key Players

Some of the key players operating in the global Alcohol Concentrates market are MSK Ingredients, Oooflavors, Ciatti Company, Doehler, Valleyvapour, and Prenzel and others.

Opportunities for Market Participants

An upward trend is forecasted in the alcohol concentrates market backed by rising demand for innovative food and beverage ingredients with superior flavor and aroma profiles along with prolonged shelf life. The touch of alcohol in confectionery and bakery products has been strongly recognized as a feature of premium category. Premium category products indicate added value, superior quality and feel of luxury to the customers which also render higher profits to the manufacturers of premium food and beverages. Hence, with above mentioned factors it can be inferred that there lays strong potential for alcohol concentrates market to grow globally.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Alcohol Concentrates Market

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